Financial Analysis of Lidl

BUSINESS RESOURCE

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
TASK 1............................................................................................................................................1
P1) Recruitment and selection process.......................................................................................1
P2) Required skills for specific job role......................................................................................2
TASK 2............................................................................................................................................3
P3) Physical and technological resources for Lidl.....................................................................3
TASK 3............................................................................................................................................4
P4) Financial sources for business enterprise.............................................................................4
TASK 4............................................................................................................................................5
P5) Financial statements for Lidl...............................................................................................5
P6 Use of budgets for financial control for Lidl........................................................................8
P7 Financial state of Lidl...........................................................................................................8
CONCLUSION................................................................................................................................9
REFERENCES..............................................................................................................................10

INTRODUCTION
Business resources are considered as critical aspect for every organization because it
allows to have sustainable development. By having an effective reference of resources the
overall performance of business entity can be advanced in critical manner in order to lead
business firm towards impressive level of success. In addition to this, it can be said that by
having an effective focus on the resources the need of business can be accomplished in effective
and efficient manner. It also assists in meeting the operational values in desired manner. Along
with this, the present report will focus on the factors which need to be referred properly for
effective allocation of resources.
TASK 1
P1) Recruitment and selection process
It has been witnessed that number of factors are which need to be referred by businesses
in order to have sustainable development.
 Job Description: It sets out the purpose of a job, where the job fits into the organisation
structure, the main responsibilities of the job and the key tasks to be performed. It will set
out how a particular employee will fit into the organisation. It will therefore need to set
out the title of the job to whom the employee is for whom the employee is responsible for
a simple description of the role and duties of the employee within the organization. It
could be used as a job indicator for applicants for a job. Alternatively, it could be used as
a guideline for an employee and/or his or her line manager as to his or her role and
responsibility within the organization (Montgomery, 2011).
 Person Specification: It is a profile of the ideal candidate for the job. It enables potential
candidate to determine whether they meet the required experience and qualifications. It
also helps employees to identify requirements for the job. A person specification will
help during interviews and it will also help to be used as a basis for staff development,
appraisals and promotions. It details the necessary skills, qualifications, experience or
other attributes needed to carry out the job. Using the person specification throughout the
recruitment and selection process will enable you to ensure that best candidate is selected
and that the legal obligations and best practice objectives.
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 Application Form: An application form sets out information on a candidate in standard
format. It provides a structured basis or drawing up shortlists, the interview itself and the
following actions required in offering an employment and in setting personnel records
(Bruche, 2010).
P2) Required skills for specific job role
In order to have effective development of team activities, it is necessary to have
appropriate development of skills. There are number of skills which need to be referred properly
so that long term goals and objectives can be accomplished effectively. By having consideration
of skills like motivation, leadership, communication, etc the experts can have better
sustainability. It allows maintaining the work performance and lead business to impressive level
of success.
Employ ability skills
Employ ability skills can be defined as a skill that a person needs to have in order to get a
job and/or be effective in the job role he or she has. Such skills allow the employee or person to
have a mutual and friendly relationship with colleagues or the manager thus if there are any
problems that arise they will be resolved efficiently (Monk and Wagner, 2012). There are many
examples of employ ability skills that employees or people applying for jobs should possess
which include; qualification and experience that are directly linked to the job that is being
applied for.
Personal skills
Personal skills can be defined as a skills that a person may possess but doesn’t
necessarily need when applying for a specific job role. There are many examples of such skills
which would benefit the business including; speaking different languages, trustworthy and
having a sense a humour. It is good if employees or applicants possess such sills when applying
for a job as it will make them more likely to get the job as it shows the employer other skills that
the employee/applicant have that can help the business; the skills are useful for a lot of different
jobs.
Communication skills
Communication skills can be defined as a skills that help a person convey information to
another person efficiently and with ease. Managers or employees with good written or verbal
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